«Investment tunnel» of the Russian economy and the need to get out of it

 
PIIS020736760018608-7-1
DOI10.31857/S020736760018608-7
Publication type Article
Status Published
Authors
Occupation: Chief Researcher
Affiliation: Institute of Economics Russian Academy of Sciences
Address: Moscow, Russia
Journal nameObshchestvo i ekonomika
EditionIssue 2
Pages12-30
Abstract

Investments are naturally regarded as the engine of economic growth. However, they are far from being of such importance in all areas of economic development. The aim of the study is to identify the "investment tunnel" in Russian economy, that is, the boundaries that outline the investment dynamics, showing the limits of the investment increase, which affects economic development. The methodology consists of structural, as well as empirical and regression analysis. The application of these methods makes it possible to obtain the result: a picture of the “investment tunnel” formed in the Russian economy 2008-2020, within which there was a fluctuation in investments in fixed capital, both in industry and in the economy as a whole. The boundaries of the tunnel remained unchanged, which confirms the implementation of the economic policy that restrains the development. To expand them and form an investment model of economic growth in Russia, it is not enough to search for sources of investment, which are usually expected to come from the National wealth fund, the banking system or foreign exchange reserves, but it is necessary to distribute resources between economic sectors, with the obligatory creation of incentives and conditions for intensifying domestic investment. Institutional changes will be required, commensurate with meeting the needs of various sectors and segments of the economy in development resources, taking into account the coordination of their interaction.

Keywords"investment tunnel"; economic growth; GDP structure; gross investment; fixed capital; macroeconomic policy
Received14.02.2022
Publication date18.02.2022
Number of characters37590
Cite  
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 285

Readers community rating: votes 0

1. Abalkin L.I. Rossiya: poisk samoopredeleniya // M.: Nauka, 2005. 464 s.

2. Aganbegyan A.G. Sokraschenie investitsij – gibel' dlya ehkonomiki, pod'em investitsij – ee spasenie. Ch. 1. // Ehkonomicheskie strategii. 2016. № 4. S. 74–83.

3. Aganbegyan A.G. Sokraschenie investitsij – gibel' dlya ehkonomiki, pod'em investitsij – ee spasenie. Ch. 2. // Ehkonomicheskie strategii. 2016. № 5. S. 14–29.

4. Aganbegyan A.G. Rossii trebuetsya politika forsirovannykh i ehffektivnykh investitsij // EhKO. 2014. № 7. C.6-11.

5. Anchishkin A.I. Prognozirovanie tempov i faktorov ehkonomicheskogo rosta // Moskva: Maks-Press. 2003. 300 s.

6. Glaz'ev S.Yu. Bitva za liderstvo v XXI veke. Rossiya, SShA, Kitaj. Sem' variantov blizhajshego buduschego // M.: Knizhnyj mir. 2017. 352 s.

7. Ivanter V.V. Strukturno-investitsionnaya sostavlyayuschaya dolgosrochnoj ehkonomicheskoj strategii Rossii // Obschestvo i ehkonomika. 2017. № 8. S. 5–32.

8. Krugman P. Depressii – ehto nechto inoe / Ehkonomika dlya lyuboznatel'nykh: o chyom razmyshlyayut nobelevskie laureaty // M.: Izdatel'stvo instituta Gajdara. 2017. S. 26-27.

9. Men'shikov S.M., Klimenko L.A. Dlinnye volny v ehkonomike // M.: Mezhdunarodnye otnosheniya. 1989. 272 s.

10. Mikul'skij K.I. Rossiya v poiskakh modeli ehkonomicheskogo rosta // Obschestvo i ehkonomika. 2017. № 3-4. S. 5-15.

11. Nikolaev M. Usloviya investitsionnogo vosproizvodstva // Ehkonomist. 2007. № 3. S.17-25.

12. Nikonova A.A. Perspektivy i osobennosti realizatsii modeli tekhnologichnoj ehkonomiki Rossii // Natsional'nye interesy: prioritety i bezopasnost'. 2018. T. 14, Vyp. 2. S. 304-331.

13. Sorokin D.E., Sukharev O.S. Strukturno-investitsionnye zadachi razvitiya ehkonomiki Rossii // Ehkonomika. Nalogi. Pravo. 2013. № 3. S.4-15.

14. Sukharev O.S. Promyshlennost' Rossii: metody issledovaniya i zadachi razvitiya // Obschestvo i ehkonomika. 2021. № 2. S.60-81.

15. Sukharev O.S. Teoriya disfunktsij: problema upravleniya i utochnenie tselej makroehkonomicheskoj politiki // Vestnik IEh RAN. 2020. № 1. S.95-112.

16. Fisher P. Strategiya privlecheniya investitsij v promyshlennost' Rossii // Problemy teorii i praktiki upravleniya. 2000. № 3. S. 64-71.

17. Khelpman Eh. Zagadka ehkonomicheskogo rosta // M.: Izdatel'stvo Instituta E.T.Gajdara. 2011. 240 s.

18. Shokhin A.N. Inostrannye investitsii v ehkonomiku Rossii // Den'gi i kredit. 1993. № 12. S.6-8.

19. Afonso A., Aubyn St.M. Economic growth, public, and private investment returns in 17 OECD economies // Portuguese Economic Journal. 2019. Vol.18. R. 47–65.

20. Canh N.P., Binh N.T., Thanh S.D., Schinckus C. Determinants of foreign direct investment inflows: The role of economic policy uncertainty // International Economics. Vol. 161. May 2020. P. 159-172.

21. Iamsiraroj S. The foreign direct investment–economic growth nexus // International Review of Economics & Finance. Vol. 42. 2016. R. 116-133.

22. Sukharev O.S., Voronchihina E.N. Financial and non-financial investments: comparative econometric analysis of the impact on economic dynamics // Quantitative Finance and Economics. 2020. № 4(3). P. 382-411.

23. Sukharev O.S. Technological Development in the Knowledge Economy // PaKSoM. Research and Development Center “IRC ALFATEC”. Niš, Serbia Complex System Research Centre. Niš, Serbia. 2020. P.17-21.

Система Orphus

Loading...
Up